Buying and selling real estate property is easy. All you have to do is choose a real estate property, buy it, renovate it and then sell it again, right? “Wrong,” says Jeff Adams. The real estate market has changed considerably since the recession. If you don’t know the local market and how to invest in it, you could get caught in a huge financial mess.
So What Do You Do?
Yes, the real estate market has changed says Jeff Adams, the #1 real estate trainer, but you can invest in real estate if you know the tricks of the trade. As a newcomer to the market, you have to acknowledge the fact that you know very little about the current real estate market and you have to seek help. This is where good training, research and mentorship become invaluable.
If you are serious about investing in the real estate market, here is why you need a real estate trainer or mentor right before you begin investing.
Niche – The 2015 real estate market is vast. Investors can choose from new houses, old houses, foreclosed properties, short sales, pre-foreclosures, auctioned real estate properties, etc. However, each property has a different investment process, rules and regulations. By registering with a mentor or a real estate, experienced, trainer, you will learn how to deal with the different properties available for sale, buy properties, rent them out or flip them for a profit. You need to stay on top of all the cutting-edge strategies that are working in today’s real estate market.
Financing – Investing in the 2015 market is slightly different financially as well. For example, while purchasing foreclosed properties at an auction, you need to have the full amount ready at the time of purchase. While purchasing a pre-foreclosure or short-sale properties, you can choose to make a big down payment, pay the pending payments to the bank or take over the existing loan on the property.
This is a complicated process and you should know exactly how much financing and type of financing is required for each property type. A good mentor can teach you all this and much more.
Mistakes – Real estate mentors have already gone through their career and they have already made mistakes. However, they’ve already overcome these mistakes and they’ve managed to make their real estate career a success. By getting a mentor, or by hiring a real estate trainer, you ensure that you avoid the most common mistakes made by other investors, especially as beginners.
This is well-worth the minimal fee of a real estate course or the cost of hiring a real estate trainer. You can even try to attend a webinar or an online training to help you learn some insightful information about the real estate niche you’re trying to pursue.
Confidence – By hiring a real estate trainer or by taking a real estate course, you are actually picking up the skills required for a lifetime of real estate investing. You acquire the confidence required for your own career.
After a few weeks of mentoring or training, you will be able to pick properties, invest in them legally, find financing, and generally work independently.
Hiring a mentor can save you time and money and prevent you from making mistakes. All you have to do is find a good mentor and learn as much as you can from him.
